$40K in Richmond = $33,878 in Scranton
Your $40K salary in Richmond (COL 98) has the same purchasing power as $33,878 in Scranton (COL 83). Scranton is cheaper — your money goes 15% further there.
Budget breakdown — $40K in both cities
What $40K actually buys you in each city after taxes and core expenses.
| Expense | Richmond $40K | Scranton $40K (same salary) |
|---|---|---|
| Monthly take-home | $2,535 | $2,625 |
| 1BR rent | $1,600 | $1,050 |
| Groceries | $369 | $361 |
| Transport | $70 | $58 |
| Utilities | $155 | $165 |
| Internet | $60 | $62 |
| Left after essentials | $281/month | $929/month |
Frequently asked questions
What is $40K in Richmond equivalent to in Scranton?
$40K in Richmond (COL index 98) has the same purchasing power as $33,878 in Scranton (COL index 83). That's 15% less than your current salary.
If I move from Richmond to Scranton keeping my $40K salary, will I be better off?
Yes. If you keep earning $40K after moving to Scranton, you'd have $648 more per month after core expenses — because Scranton is cheaper than Richmond.
How is the salary equivalent calculated?
The equivalent salary is calculated by multiplying your current salary by the ratio of the two cities' overall cost of living indices: $40K × (83 ÷ 98) = $33,878. This adjusts for differences in housing, food, transport, and general cost of living.
Other salary amounts — Richmond to Scranton
Equivalency uses overall COL index ratio. Take-home uses simplified federal/state brackets. Zillow · BLS · Numbeo · Q1 2026 · For general guidance only